MW: Treasurys gain as traders reconsider payrolls, Fed
By Deborah Levine
NEW YORK (MarketWatch) -- Treasury prices edged up in early trading Monday, pushing yields down and recovering some of the losses on Friday after a much better-than-expected monthly employment report. Traders are reconsidering Friday's move in interest-rate futures to price in earlier rate increases by the Federal Reserve, and will look for comments related to that when Fed Chairman Ben Bernanke gives a speech during the session. Yields on 2-year notes (UST2YR 0.83, +0.11, +15.44%) declined 1 basis point to 0.83%. Also limiting gains, the Treasury Department will auction $74 billion in notes and bonds during the week.
